Question

Gas prices recently increased from a nationwide average of $3.33 per gallon to $3.54 per gallon nationally by what percent have gas prices increased round your answer to one decimal place.

A) 6.3%
B) 6.0%
C) 5.6%
D) 5.1%

Answer 1

Gas prices have increased by approximately 6.3%.

Step-by-step explanation:

To find the percentage increase in gas prices, we need to calculate the difference between the initial price and the final price, divide that difference by the initial price, and then multiply by 100 to get the percentage.

Initial price: $3.33 per gallon

Final price: $3.54 per gallon

Percentage increase = ((Final price - Initial price) / Initial price) × 100

Percentage increase = ((3.54 - 3.33) / 3.33) × 100 = 0.21 / 3.33 × 100 ≈ 6.3%

Therefore, gas prices have increased by approximately 6.3%.